PayPal reports Q2 revenue up 7% to $7.3B, total payment volume up 11% YoY to $376.5B, and operating margin at 21.4%, below its 22% forecast; PYPL drops 7%+ (Reuters)

Reuters:

PayPal reports Q2 revenue up 7% to $7.3B, total payment volume up 11% YoY to $376.5B, and operating margin at 21.4%, below its 22% forecast; PYPL drops 7%+  —  Payments firm PayPal Holdings (PYPL.O) forecast third-quarter revenue above estimates on Wednesday, expecting consumers to remain resilient in the face of a tough economy.